Sina science and technology news on the evening of Feb. 25, MINISO Group opened up more than 10% to 30.63 US dollars.

According to the financial report, MINISO Group's total revenue in the second quarter of fiscal 2021 was 2.298 billion yuan ($352.1 million), an increase of 11% from the previous month. After deducting non-recurrent gains and losses and exchange losses, the adjusted net profit in the second quarter was 150 million yuan, compared with 85 million yuan in the first quarter, an increase of about 70% month on month, with significant operating leverage.

The company expects third-quarter revenue to grow by more than 40% year-on-year, with a gross profit of 643 million yuan ($98.5 million), up 23% from a month earlier.